Legislation

The Senate voted along party lines to approve a resolution overturning a final rule updating the process banking regulators use when reviewing proposed bank mergers and acquisitions. Read on »

As part of the ongoing budget reconciliation process in Congress, the House Financial Services Committee voted along party lines to approve a resolution to greatly reduce funding for the Consumer Financial Protection Bureau and to no longer allow the bureau to retain unspent funds in its civil penalty fund from year-to-year. Read on »

Amid a variety of bills introduced this year aimed at improving affordable housing availability, the mortgage industry has signaled its support for one proposing to do something that has not been done in more than 20 years – increasing the Federal Housing Administration loan limit. Read on »

The nation’s largest mortgage trade group offered its most recent take on how economic conditions are impacting home purchases while community bankers and credit unions are focused intently on the budget reconciliation process in Congress. Read on »

Republican lawmakers in the House and Senate have introduced legislation to overturn a 2024 final rule updating the process the Office of the Comptroller of the Currency uses to review proposed bank mergers. Read on »

The U.S House passed two measures nullifying rules finalized by the Consumer Financial Protection Bureau under the Biden-Harris administration with strong support from Republicans. The resolutions of disapproval targeted the bureau’s rule capping overdraft fees and its larger participant rule, applying to large digital payment providers. Read on »

As the Consumer Financial Protection Bureau prepares to rethink its final rule implementing small business lending requirements detailed in Sec. 1071 of the Dodd-Frank Act, community banking advocates expressed support for bills requiring the bureau to delete information collected about loan applicants for the sake of privacy. Read on »

Real estate finance professionals welcomed the reintroduction of legislation in the House and Senate aimed at eradicating the use of trigger leads in the real estate marketplace. The bills are the latest in a long series of bipartisan attempts to do so over the past half decade. Read on »

The House passed a resolution nullifying the Consumer Financial Protection Bureau’s (CFPB) final rule imposing a cap on overdraft fees charged by depository institutions. The 217-211 vote to repeal the controversial rule that would limit the maximum fee consumers could be charged for a single overdraft. Read on »

A litany of longstanding disagreements about how to increase accountability at the Consumer Financial Protection Bureau (CFPB) while still enabling it to carry out its statutory mission came to light during the House Financial Services Committee’s hearing titled, “A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections.” Read on »